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Sunil

Sunil Lala  |138 Answers  |Ask -

Financial Planner - Answered on Sep 02, 2023

Sunil Lala founded SL Wealth, a company that offers life and non-life insurance, mutual fund and asset allocation advice, in 2005. A certified financial planner, he has three decades of domain experience. His expertise includes designing goal-specific financial plans and creating investment awareness. He has been a registered member of the Financial Planning Standards Board since 2009.... more
Asked by Anonymous - Aug 30, 2023Translate
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Hello I am 35 years old and want to generate a corpus fund of 3~4 cr in 15 years. My current SIP is 30k a month in the following: KOTAK SMALL CAP FUND - GROWTH - 2500 QUANT FLEXI CAP FUND REGULAR PLAN - GROWTH- 2500 TATA LARGE AND MID CAP FUND REGULAR PLAN GROWTH - 2500 UTI MASTERSHARE UNIT SCHEME - GROWTH PLAN - 2500 ICICI PRUDENTIAL INNOVATION FUND REGULAR PLAN GROWTH - 10000 UTI NIFTY 50 EQUAL WEIGHT INDEX FUND - REGULAR PLAN - 5000 GROWTH BANDHAN EMERGING BUSINESSES FUND REGULAR PLAN-GROWTH -1250 ADITYA BIRLA SUN LIFE GENNEXT FUND-GROWTH - 1250 TATA SMALL CAP FUND REGULAR PLAN GROWTH - 1250 SBI SMALL CAP FUND REGULAR GROWTH - 1250

Ans: Your portfolio is too diversified, if you want 3 crores in 15 years you will have to add SIP 20k to 30k and add it in Large & Midcap Fund, Midcap Fund & Small cap fund and for 4 crore you need to add SIP of 36k to 40k
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Sanjeev

Sanjeev Govila  |441 Answers  |Ask -

Financial Planner - Answered on Sep 20, 2023

Asked by Anonymous - Aug 25, 2023Translate
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Hello I am 35 years old and want to generate a corpus fund of 4~5 cr in 15 years. My current SIP is 30k a month in the following: KOTAK SMALL CAP FUND - GROWTH - 2500 QUANT FLEXI CAP FUND REGULAR PLAN - GROWTH- 2500 TATA LARGE AND MID CAP FUND REGULAR PLAN GROWTH - 2500 UTI MASTERSHARE UNIT SCHEME - GROWTH PLAN - 2500 ICICI PRUDENTIAL INNOVATION FUND REGULAR PLAN GROWTH - 10000 UTI NIFTY 50 EQUAL WEIGHT INDEX FUND - REGULAR PLAN - 5000 GROWTH BANDHAN EMERGING BUSINESSES FUND REGULAR PLAN-GROWTH -1250 ADITYA BIRLA SUN LIFE GENNEXT FUND-GROWTH - 1250 TATA SMALL CAP FUND REGULAR PLAN GROWTH - 1250 SBI SMALL CAP FUND REGULAR GROWTH - 1250
Ans: After reviewing your portfolio, we propose that you discontinue your SIPs in Thematic Funds. Thematic funds are highly risky in nature and it is difficult to predict which sector will perform when and where, and begin your SIPs with funds that have proven past records. We also recommend that you keep a mix of equity and hybrid funds in your portfolio to ensure stability and recommend investing in various categories of equities mutual funds, i.e Large Cap, Mid Cap, Small Cap, and Flexi Cap. Investment across category provide proper diversification.

As you will require around 4-5 Cr in 15 years, we recommend you to increase your SIPs on yearly basis and It is recommendable to increase your SIPs by 5-10% every year as income grows. You can also invest some amount in Bulk when it is available with you such as yearly bonus, monthly or quarterly incentives etc.

We suggest you to maintain the discipline with your investments.
As it is said, “Successful investing takes time, discipline and patience”.
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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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